11 Ferncroft Rd Leicester — Photo 1 of 23
$249,900
Investment Analysis — 11 Ferncroft Rd
Leicester, MA 01524
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 3-bedroom in 01524 carries an estimated $2,040/mo in gross rent — about a 6.08% cap rate and $15,186/yr in estimated NOI at the $249,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
792
Style
Single Family
Built
1972
Attention investors, flippers, and sweat-equity buyers! This high-potential property offers a prime value-add opportunity with massive upside in a serene, sought-after location. Unlock immediate equity with this 3-bedroom, 1-bathroom fixer-upper, perfectly positioned on a spacious 0.33-acre lot. This property features a solid foundation for capitalization, boasting original hardwood floors throughout just waiting to be refinished. A versatile enclosed 4-season porch, and a high-ceiling basement ready to be finished to maximize your usable square footage. Nestled in a quiet, low-traffic neighborhood, the home offers picturesque views of Cedar Meadow Pond, providing an idyllic backdrop for future buyers or renters. Embrace the ultimate lakeside lifestyle with year-round recreational activities just steps away, including boating, kayaking, fishing, and nearby hiking. This property is priced to sell and serves as the perfect canvas for your next profitable flip or a custom dream home tailored to your exact taste. Bring your vision and toolbelt to maximize the ROI on this diamond in the rough!
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 396 sq ft (the lesser of 900 sq ft or half the 792 sq ft principal dwelling). Lot size: 14,418 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Washer • Dryer
Neighborhood
Shopping • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl FirstListing Agent: Patricia Larson
Listing Office: Vylla Home
MLS® Number: 73570935
